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Gray Television (GTN) in Focus: Stock Gains 7.6%

Zacks Equity Research

Gray Television Inc. ( '>GTN )  was a big mover last session, as the company saw its shares rise by about 7.6% on the day. The move came on solid volume too, with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock has surged nearly 31% in the past one-month time frame.

The company has seen no estimate revision in the past 2 months. Its earnings consensus has also remained stagnant over the same time frame. However, this recent price action is certainly encouraging, so make sure to keep a close watch of this firm in the near future.

GTN currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better performing broadcasting TV stocks include Cumulus Media Inc. (CMLS), AMC Networks Inc. (AMCX) and Grupo Televisa, S.A.B. (TV). While Cumulus Media holds a Zacks Rank #1 (Strong Buy), the other two stocks carry a Zacks Rank #2 (Buy).

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